Standard Lithium recently got support in the race to become the first company to produce lithium in Arkansas. It’s in a race with Exxon Mobil to make it first in the state known for its Smackover formation which is filled with brine or saltwater. Standard recently got support from the U.S. Department of Energy and …
Category: Oil & Gas
Xcel customers face 9% rate hike in Colorado
Xcel Energy customers in Colorado are facing a potential 9% rate hike as the company is asking for a $356 million rate increase from utility regulators. If approved, it would mean a $10 a month jump in average utility bills. The utility filed the rate request last week with the Colorado Public Utilities Commission, …
New Mexico wants more protection for Chaco Canyon
U.S. Senators and Representatives from New Mexico joined Pueblo leaders in urging the Department of Interior to continue protecting the Chaco Culture National historical Park from oil and gas drilling. Their call came after the Bureau of Land Management in October started a process to revoke protections for 10 miles around the national parks …
Gasoline prices show slight gain in Oklahoma in past week
As drivers prepare to hit the road for Thanksgiving in record numbers, gas prices are relatively steady compared to last week. The national average is $3.06, down a penny from a week ago and the same price as a month ago, reported AAA. Oklahoma’s average rose one cent to $2.50 per gallon, which is still …
Permian gas prompts biggest pipeline buildout
The Permian Basin’s production of natural gas is so big that at least a dozen new pipelines in Texas, Louisiana and Oklahoma are planned next year to hand the transportation of the product. It’s being billed as the biggest pipeline buildup since the shale gas boom of 2008. Bloomberg reported the projects could …
Energy briefs
** President Donald Trump signed an executive order Monday establishing the “Genesis Mission,” a federal effort to boost innovation using artificial intelligence — the latest step by the administration to promote AI technology and its adoption. The effort aims to better coordinate research done by agencies across the government and more effectively integrate AI tools to achieve …
Ukraine’s support for Russia peace deal sent crude prices falling
Crude oil prices fell more than 1% on Tuesday after Ukraine hinted it might be willing to accept a peace deal with Russia, stoking worldwide concerns of a growing crude oil glut. Such a deal, if reached, would also involve an easing of U.S. sanctions on Russian oil and potentially add more …
Crude oil dropped on peace plan prospects
Crude oil prices went through a small drop on Monday as investors and traders remained worries a Russia-Ukraine peace deal could mean easing of sanctions on Russia and increase oil flows to the market. Analysts continue to predict that rising global supply growth will outpace demand, contributing to a general downward trend in prices. …
Energy briefs DOE,COP30 ends, Rosneft
** A DOE official says the federal government plans to buy and own as many as 10 large nuclear reactors, which it could pay for in part with $550 billion in promised investment from Japan. ** The Trump administration has ordered the J.H. Campbell coal-fired power plant in Michigan to stay open for the next …
Gas group cheers approval of SPEED Act
The American Gas Association applauded U.S. House of Representatives Committee on Natural Resources Chairman Bruce Westerman (R-AR) and Reps. Jared Golden (D-ME), Henry Cuellar (D-TX), Pete Stauber (R-MN), Vicente Gonzalez (D-TX), Harriet Hageman (R-WY), Michael Baumgartner (R-WA), Gabe Evans (R-CO), Marie Gluesenkamp Perez (D-WA), Donald Davis (D-NC), Mariannette Miller-Meeks (R-IA), Adam Gray (D-CA), Nick Begich (R-AK), Jim Costa …